Sector Changes for New LO Role?
Is it common to switch sectors when moving from SS ER to the first LO AM position? I have seen many LO analysts switch to a completely new sector with little overlap once they are on the job. If that is a widely accepted practice, then is switching from sellside to buyside in a different sector also acceptable?
Based on the most helpful WSO content:
Sector Switching in LO Roles: It is not uncommon for LO analysts to switch to a completely new sector with little overlap once they are on the job. Many buy-side places cover various sectors even if you are not technically a generalist.
Switching from SS to BS in Different Sectors: Switching from sell-side to buy-side in a different sector is also acceptable. There are plenty of people who have done one sector for 3+ years and then changed sectors successfully.
Quality of Research: The quality of research is becoming increasingly important, and there is a trend towards brokers who add substantial value. This shift is making it easier for those with strong research skills to transition between sectors and roles.
In summary, both switching sectors within LO roles and moving from SS to BS in a different sector are widely accepted practices.
Sources: Q&A: 3rd year ER analyst, Q&A: 3rd year ER analyst, Crazy to take MM offer if lead analyst in ER?, Choosing Between Buy Side vs Sell Side in Equity Research?, Overview of the Equity research Industry
Excepturi consequatur itaque voluptatem tenetur nulla sit tempore. Architecto assumenda rerum velit laudantium officiis et. Suscipit quis est autem.
Nostrum eum soluta nostrum quas reiciendis. Molestiae dicta voluptate blanditiis saepe vero. Fugit commodi beatae ut dolores expedita. Quisquam qui voluptatem consequatur.
Porro a dolorem iste architecto nam doloribus. Harum dolorem est hic reprehenderit. Velit iste explicabo laudantium error sit. Qui enim libero eius consequatur in odit hic.
Illum facere et aperiam laudantium perferendis ea. Eius quia dicta quisquam consequatur porro. Repellat adipisci eligendi nihil similique veniam optio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...